Rotich de­fends new Eurobond is­sue

Business Daily (Kenya) - - TOP NEWS -

Trea­sury sec­re­tary Henry Rotich has de­fended the gov­ern­ment’s de­ci­sion to is­sue an­other Eurobond whose pro­ceeds will partly be used to re­pay a Sh77.3 bil­lion ($750 mil­lion) syn­di­cated loan is­sued in 2015. Mr Rotich said the fresh Eurobond and the Trea­sury’s ne­go­ti­a­tions with in­ter­na­tional in­vestors to de­lay debt re­pay­ments did not in­di­cate that the gov­ern­ment was strug­gling to ser­vice its loans.

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